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The Global Hafnium Market is estimated to witness a CAGR of 11.91%, by consumption, till 2022, with the growing demand in the aerospace industry – Mordor Intelligence Study

(EMAILWIRE.COM, September 21, 2017 ) The Global Hafnium Market consumption is estimated to register a CAGR of 11.91% during 2017-2022, due to its applications in aircraft for jet engines and industrial turbines, which have driven the market and are expected to increase the future demand for hafnium.



The production of hafnium is carried out at zirconium sites where it is refined as a by-product. The global production of hafnium is expected to be about 70 metric ton in 2017. The production is very less compared to its demand. Moreover, the use of hafnium as a neutron absorber in nuclear application, has also increased with the growing number of nuclear reactors. There is a high requirement for safety measures for the use of hafnium in nuclear applications. In 2011, after the Fukushima disaster, Japan ceased its nuclear plants. Germany also announced to minimize the number of nuclear plants.



The Global Hafnium market is estimated at 69.5 metric ton in 2017, and is likely to reach 122 metric ton by 2022. The aerospace segment occupied the largest market share, in terms of revenue. The United States accounted for the highest consumption, with a good share in the global market, followed by the European Union and China.



By application, consumption of the super alloy of hafnium is estimated to account for the highest market share during the forecast period. The growing demand from turbines is driving the application of hafnium alloys. Hafnium-bearing alloys increase the engine efficiency and reduce emissions. The market is dominated by two major players for the global supply of hafnium. Additionally, China accounted for significant production units, with the presence of China Nuclear Jinghuan Zirconium Industry Co. Ltd. The ongoing “DUBBO project “of Alkane Resources Ltd., is expected to lead the market during the forecast period.



Browse this report here



The report answers the following:



1. The key producers of hafnium and their company profiles (market share, recent developments, financials, and strategies).

2. The technologies used and end-user applications of hafnium, and the market share of each type and application.

3. The different types of hafnium that are used and their market share.

4. Recent developments and trends of the hafnium metal.

5. The forecasted size and growth rates for the global hafnium market up till 2022.

6. Key factors driving the global hafnium market.

7. Key market trends driving the growth of the global hafnium market.

8. Key factors restraining the growth of the global hafnium market.

9. Future opportunities for the global hafnium market.



Study Objectives:



1. To provide a detailed analysis of the market structure, along with the forecast of various segments and sub-segments of the global hafnium market.

2. To provide insights about factors affecting the market growth and analyze the hafnium market, based on various factors, such as, supply chain analysis, porters five force analysis, etc.

3. To provide historical data and forecast revenue of the market segments and sub-segments, with respect to major geographical countries.

4. To provide country-level analysis of the market with respect to the current market size and prospects.

5. To provide country-level analysis of the market, by application, by film type, and the respective sub-segments.

6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies and drawing a competitive landscape of the market.

7. To track and analyze competitive developments, such as, joint ventures, strategic alliances, mergers and acquisitions, new product developments, and R&D.



Spanning over 190 pages, the “Global Hafnium Market (2017 - 2022)” report covers industry overview, analysis of drivers, restraints, and opportunities, porter’s analysis, major companies that produce hafnium, volume by country, hafnium types and end-user applications, consumption value, key developments and trend analysis of the market.



About Mordor Intelligence



Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirements. Having understood this, Mordor offers custom market intelligence and advisory services, along with syndicated reports, to help the clients gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.



Mordor Intelligence

Sakshi Seth

7860584254

sakshi.s@mordorintelligence.com

Source: EmailWire.Com


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